How can you fight ethnocentrism?
What will be an ideal response?
Pursue dialogue, adopt a pluralistic perspective, mindfulness, personal virtues, cosmopolitanism
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Give one example of an error that is detected by a check digit control
Which of the following statements is true of intentional misrepresentation?
A. Generally, in a negligence or contract action, the client is limited to recovering compensatory damages. B. Under a punitive damage award, the client will always receive a lesser amount than his actual loss. C. Generally, if an accountant is found liable in fraud, the client is not entitled to recover punitive damages. D. An accountant cannot be liable in fraud for any losses suffered by the client from the time when the audit should have discovered the embezzlement.
Equipment is purchased for $40,000. It has an eight-year useful life and a $21,375 residual value. Under the double-declining-balance method, what is the depreciation expense for year 3?
A) $875 B) $1,125 C) $1,375 D) $5,625
Which of the following statements about pricing policies is most likely true?
A) Very few companies maintain a pricing strategy that focuses on meeting competition. B) Pricing strategies often reflect the opinion of the research department on correct pricing. C) The ability to offer the lowest price is the most critical factor in the sale of products. D) Price discounting is a competitive tool available to large numbers of salespeople. E) Transactional sales rely primarily on personality alignment between buyers and sellers.